American Public Education, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $174.1M | $131.9M | $116.7M | $102.5M | $149.6M | $227.7M | $202.7M | $212.1M |
| Accounts Receivable | $65.7M | $62.5M | $51.0M | $42.4M | $36.0M | $17.7M | $11.3M | $14.1M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $259.8M | $260.6M | $217.4M | $186.1M | $202.6M | $251.8M | $222.9M | $232.6M |
| Property, Plant & Equipment | $70.6M | $73.4M | $87.5M | $100.9M | $102.4M | $68.4M | $78.5M | $86.9M |
| Goodwill | $59.6M | $59.6M | $59.6M | $112.6M | $243.5M | $26.6M | $26.6M | $33.9M |
| Intangible Assets (Excl. Goodwill) | $28.2M | $28.2M | $31.5M | $54.7M | $85.1M | $3.7M | $3.7M | $4.0M |
| Total Assets | $521.4M | $570.1M | $557.4M | $615.1M | $725.6M | $371.0M | $354.9M | $371.0M |
| Liabilities | ||||||||
| Accounts Payable | $4.8M | $7.8M | $8.7M | $3.8M | $13.5M | $3.8M | $3.5M | $9.1M |
| Total Current Liabilities | $75.1M | $79.2M | $74.0M | $70.8M | $83.7M | $55.1M | $45.3M | $44.3M |
| Long-Term Debt | $94.7M | $93.4M | $94.7M | $93.2M | $151.8M | $0 | — | — |
| Total Liabilities | $226.6M | $266.2M | $265.4M | $265.3M | $310.0M | $64.1M | $58.2M | $49.7M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-16.5M | $-41.8M | $-49.1M | $13.9M | $128.9M | $111.2M | $106.0M | $133.9M |
| Total Stockholders' Equity | $294.8M | $303.9M | $292.0M | $349.7M | $415.6M | $306.9M | $296.7M | $321.3M |